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Vanstar Mining Resources Inc. VMNGF


Primary Symbol: V.VSR

Vanstar Mining’s Nelligan gold project joint venture with IAMGOLD (25% VSR/75% IMG), located 60 kilometres SW of Chibougamau, Quebec. Vanstar retains 25% undivided non-contributory carried interest until commercial production. Nelligan is one of Quebec’s largest gold projects containing approximately 5.6 Moz of gold. Vanstar has signed an LOI with IAMGOLD to acquire a 75% interest in their Bousquet-Odyno property. The project is 6km from IAMGOLD’S Westwood mine.


TSXV:VSR - Post by User

Post by garlandon Mar 12, 2022 12:10pm
228 Views
Post# 34509021

750 m distance remaining

750 m distance remainingAt the moment , the total distance undrilled between SUP LCS -22-056 (deep on boundary) and IMG NE-21-188 ( most western hole) is 750m . Hole 56 appears to have penetrated  the Falcon zone down to 350m. We are awaiting for results ( and visuals) from IMG hole 188. IF the two holes encounter economic gold mineralization, and after additional IMG western drilling occurs this summer , then there may be the distinct possibility that the Renard/Renard footwall zone COULD coalesce into the Falcon/Epervier mineralized lenses thereby creating a massive western extention that I have to call the Renard mineralization. The results from hole 188 will be critical!!  If successful, then the western extension will become a massive deposit. We are ONLY 750m away from determining that within final UNDRILLED  750m section - then it is all the deep and infill drilling after that and my main  reason for no 43-101 until next year. The results from this round of winter drilling  ( including deep under the pit shell and to the EAST) will determine everything !!
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